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TMK formed its specialty reinsurance unit last year. -
Competition is high in specialty reinsurance as new capacity enters the market.
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Specialty reinsurance has experienced high competition for talent.
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The only major product line to see rate increases was casualty.
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The combined business volume of the two firms is CHF20.1bn.
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Chris Gray joins from Axis, where he was global head of marine reinsurance.
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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Cyber, marine and aviation are recent areas of focus.
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Some of the Big Four are slowing growth as the market softens.
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He also joined Everest’s board last week as an independent director.
